Gulf banks remain stable amid challenges
The Secretary-General of the Gulf Cooperation Council (GCC) confirmed that the Gulf banking sector has maintained its strength and stability despite current economic challenges. Advanced regulatory and supervisory frameworks, along with healthy levels of liquidity and capital adequacy, will enhance banks' ability to adapt to economic changes and support business activity and development in the region. Indicators point to a 6% increase in total deposits, reaching approximately $2.45 trillion, and bank assets growing by more than $4 trillion. Inflation remained stable at around 2.1% in May, reflecting the robustness and stability of the Gulf economy amid global market fluctuations.
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